Finance Trainee
Finance and Accounts, IFRS/IND AS
Location
Mumbai, India
Work type
Onsite
Employment
Full Time
Experience
0-1 years
Compensation
Compensation not disclosed
Posted
6h ago
Summary and responsibilities
Role overview
Summary
The Finance Trainee will be responsible for analyzing and understanding IFRS/IND AS, preparing statutory financial statements, and assisting with various finance domain tasks including reporting, treasury, and investment operations. The role involves working with cross-functional teams and auditors, requiring strong analytical and project management skills.
Position Overview
The Finance Trainee will support finance, accounting, reporting, treasury, investment, and Ind AS/IFRS implementation activities. The role requires strong insurance accounting knowledge, analytical ability, project ownership, and collaboration across finance, actuarial, technology, audit, and business teams.
Key Responsibilities
Reporting, Treasury & Ind AS/IFRS
Analyze IFRS/Ind AS requirements and prepare technical memos, particularly for financial instruments, insurance contracts, and leases.
Understand system data flows and architecture under Ind AS/IFRS.
Conduct process walkthroughs, identify gaps, and recommend process improvements.
Support proforma IRDAI reporting requirements for Ind AS/IFRS.
Finance & Accounting
Prepare statutory financial statements in accordance with IRDAI requirements.
Prepare monthly and quarterly financials for IRDAI reporting.
Support monthly, quarterly, and annual book closures, including required closing entries.
Review expense provisions, trends, and variances.
Scrutinize ledgers, prepare account schedules, and identify exceptional items.
Process and report related-party and group-company transactions in accordance with accounting standards and IRDAI requirements.
Projects & Stakeholder Management
Coordinate with auditors during audits and limited reviews.
Prepare management presentations for ManCom, Steering Committees, parent companies, and industry forums.
Collaborate with cross-functional teams, particularly actuarial and technology.
Break down large-scale Ind AS/IFRS projects into actionable workstreams, identify risks and bottlenecks, and drive solutions and results.
Finance Systems & Business Analysis
Use MS Office; knowledge of SharePoint and Visio is an advantage.
Work with GL systems such as SAP FICO/FAM; FPSL or SLAM sub-ledger knowledge is a plus.
Translate Ind AS/IFRS requirements into business requirements and prepare Business Requirement Documents (BRDs).
Investment Team
Prepare and analyze cash flow statements to support investment decisions.
Perform daily reconciliation of subscriptions, redemptions, units, and holdings in SAP.
Process corporate actions in SAP Investment Management.
Support investment audits.
Prepare fund factsheets and performance reports.
Products, Pricing, BMO & Health/Wellness
Assist with product formulation strategies and prepare F&U files for IRDAI.
Analyze product profitability.
Work with distribution teams to support business strategy.
Collaborate with Health & Wellness teams to design innovative products and customer-focused offerings.
Required Experience
Consulting or project-based experience demonstrating agility, ownership, and results orientation.
Experience in IFRS/Ind AS gap analysis or implementation.
Knowledge of key insurance regulations, products, accounting, and IFRS/Ind AS.
Skills
Technical
Insurance accounting and financial reporting.
IFRS/Ind AS and insurance regulations.
Financial analysis and reporting.
MS Office and finance systems.
Behavioral
Strong interpersonal and communication skills.
Creative and analytical thinking.
Teamwork and collaboration.
Influencing and relationship-building skills.
Sound decision-making and problem-solving ability.
Ownership, agility, and a results-oriented approach.
Qualifications & Experience
Qualification: Chartered Accountant (CA)
Experience: 0–2 years post-qualification experience (PQE)
Updated 1h ago
Candidate fit
Skills and qualifications
Additional skills
Experience
0-1 years
Certifications
How this role is positioned
Role classification
Job domains
Industries
Employment
Full Time
Contract duration
Permanent
Hiring type
Direct
Global hiring
Location specific
Offer details
Compensation and benefits
Compensation
Compensation not disclosed
Location, schedule, and role shape
Work setup
Work conditions
Bandwidth profile
Context on the employer
Company snapshot
Company
Tata AIA Life Insurance
Team size
Growing team
Location
Mumbai, India
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Finance Trainee
Mumbai, India • Full Time